- Nisan 10, 2023
- Yayınlayan: Forex Wiki Ekibi
- Kategori: Ücretsiz Forex EA
Support & Resistance Action EA Review
If you’re a forex trader, you’re likely familiar with the importance of identifying key support and resistance levels to inform your trading decisions. With the Support & Resistance Action EA, you can take your trading to the next level with an automated bot that utilizes price action to make trades.
What is the Support & Resistance Action EA?
The Support & Resistance Action EA is an automated bot that runs on MetaTrader 4 terminals on your computer. It uses price action to identify support and resistance levels and execute trades accordingly. The bot can run 24/5 on major pairs like NAS100 and EURUSD, with a drawdown of 1-3% on a 100k+ prop firm account.
Best Brokers List
The Support & Resistance Action EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Support & Resistance Action EA Setting
One of the biggest benefits of the Support & Resistance Action EA is that it does not require a VPS to run. This means you can run the bot on your own computer without needing to pay for a virtual private server. The minimum live account size for the bot is $100, running on a 0.01 EURUSD lot size. For NAS100 settings, the minimum account size is $1500.
How does it work?
The Support & Resistance Action EA works by analyzing price action on the charts to identify support and resistance levels. It then uses this information to make trades based on the market conditions.
The bot can be set up to use different set files depending on the account size and preferences of the trader. The timing for passing a prop firm account can range from 5-28 days, depending on the account size and set files used.
Firestorm Odin is another bot that works well in conjunction with the Support & Resistance Action EA to maintain a live prop firm account. By using these two bots together, traders can minimize their drawdown and maximize their profits.
What are the benefits of using the Support & Resistance Action EA?
One of the biggest benefits of using the Support & Resistance Action EA is that it allows traders to automate their trades. This means that they don’t have to be constantly monitoring the charts to make trades based on support and resistance levels.
Additionally, the bot’s use of price action to identify support and resistance levels is a popular trading strategy that many traders use. By using this strategy in an automated bot, traders can take emotions out of the equation and make more consistent trades.
The fact that the bot does not require a VPS is also a major benefit, as VPS services can be expensive and can eat into profits.
Support & Resistance Action EA Results
Conclusion
Overall, the Support & Resistance Action EA is a powerful tool for forex traders looking to automate their trades and take advantage of price action strategies. With its ability to run 24/5 on major pairs and its low drawdown, the bot is an attractive option for traders of all experience levels. And with the added benefit of not needing a VPS, traders can keep costs low and profits high.
Support & Resistance Action EA Download
We highly recommend trying the Support & Resistance Action EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
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